5-Minute Market Update | July 5, 2017
I am happy to present this week’s market commentary from FormulaFolio Investments. The goal is to give our clients and friends a simple way to see everything they need to know about the financial markets on a weekly basis, in 5 minutes or less. After all, investing should be simple, not complicated. Market Update Equities: Broad equity markets finished the week flat-to-negative with large-cap US stocks experiencing the largest losses. S&P 500 sectors finished the week mostly negative as cyclical sectors generally outperformed defensive sectors. So far in 2017 technology, healthcare, and consumer discretionary are the strongest performers while energy and telecommunications are the only sectors with negative performance year-to-date. Commodities: Commodities were positive for the first time in six weeks as oil prices increased 7.04%. Rising production in the United States, Nigeria, and Libya, coupled with faltering demand in Asia, has offset OPEC’s attempt to support